What to do with PPF?

[anantj]

NO, you are taking it on a different side.
Your question was perfectly allright.



1- you already having asset allocation.
2-you already have 20+ years of equity experience.
3- you already are long term successfull investor.
4- in your long stint you already know markets up and down.
5- you already have mf portfolio, since long.
6- you don't have any loan.
7-you yourself managing your financial way better than a lot of people.

Just one thing you were not sure of PPF maturity thing.

Initially seeing your post, got a impression might be you are not aware of equity, so better guide you the on the other side of the coin. The efforts took by your dad 35 years back, their hard earned money, for your future, must be invested carefully.

Importantly you know the value/ and have enough experience of both equity and debt.
All the best 👍

Ah. I apologize for misunderstanding your earlier post. I appreciate your guidance. I'm not an expert, and I'm still learning 🙂

The main reason why I'm considering liquidating the PPF Account#1 is that I have Account#2 in my child's name. I'm attempting to replicate what my dad did for me when I was younger. Since I cannot reinvest the Account#1 corpus in my son's PPF, I'll reinvest it in a mix of Equity, MF and Debt instruments in my child's name for their future.

 

[Vikash_Kumar]

Compared to equity, PPF is a wealth-saving scheme, not a wealth-generation scheme. It is always good to have old PPF. Don't always change return, and good banking service is a myth. Better consult good CA and plan accordingly before 31st March.

 

[cardio_guycardio_guy is verified member.]

Thank you for the detailed instructions. The account is with SBI and was activated 3 years ago (it was dormant for about 2-3 years, I think). I have details and access to the PPF account.

It is matured but can be extended. Question on this: If I extend, then would a withdrawal (before the extension completes) be considered a premature withdrawal?

Edit: I clarified when the withdrawal would be done in the question.

There are different types of extension - with contribution, without contribution, withdrawal is allowed once a year after extension (I think)
Just google for PPF extension and withdrawal rules and go through them for the latest and correct information.

You will get many links like this - https://sbi.co.in/web/faq-s/faq-public-provident-fund

 

[hender]

Ah. I apologize for misunderstanding your earlier post. I appreciate your guidance. I'm not an expert, and I'm still learning 🙂

The main reason why I'm considering liquidating the PPF Account#1 is that I have Account#2 in my child's name. I'm attempting to replicate what my dad did for me when I was younger. Since I cannot reinvest the Account#1 corpus in my son's PPF, I'll reinvest it in a mix of Equity, MF and Debt instruments in my child's name for their future.

Aahh... Not Again 🙏🙏

Am a newbie here just to understand more the financial world, with the guidance, mentorship of experienced Gems like you here in the forum.

In the SBI, net banking you can check more about PPF account. Even can deposit.
For withdrawal you have to go to branch.